Concessions Could Help Canada Keep Lower Tariffs in Trade Deal Review: Strategist The review of North America’s free trade agreement is expected to significantly influence the Canadian economy. A senior investment strategist expresses optimism that concessions could lead to a favorable outcome. Despite diversification efforts, Canada’s economy remains heavily dependent on U.S. trade, currently benefiting from a lower effective tariff rate than other nations.

• North America’s free trade agreement review will shape Canada’s economic future.
• A senior investment strategist at Vanguard is optimistic about the review’s outcome.
• Canada’s economy is substantially reliant on U.S. trade.
• Canada currently holds a ‘trade advantage’ with an effective tariff rate of approximately six percent.
• Section 232 sectoral tariffs are negatively impacting the Canadian economy.